Consortium Withdrawal ImpactMasdar announced that it is withdrawing from a consortium that planned to take ReNew Energy private, leading to a significant drop in the stock price.
Market Listing PerformanceThere is fatigue in renewable listings in India, with most recent listings trading below their IPO price by 20-30%.
Project DelaysRenewable Indian peers have been weaker due to delayed transmission rollout in India, which could potentially cause project delays.